FTSE bounces back

Talk of a concerted move to beef up balance sheets of struggling European banks today brought some respite to a battered London market.

FTSE bounces back
Wed, 05 Oct, 2011 - 18:16

Talk of a concerted move to beef up balance sheets of struggling European banks today brought some respite to a battered London market.

The FTSE 100 Index closed up over 3% or 157.7 points at 5102.1, following five days of declines, amid reports European finance leaders were considering a recapitalisation plan for the region's banks.

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